Rotunda Capital Partners Invests in Value Added Distributors, LLC

Value Added Distributors Acquires L.T.L. Supply

December 10, 2025

Manufacturing

Value Added Distributors (VAD), a PE-backed distributor and fabricator, has acquired L.T.L. Supply, a family-operated wire harness and electrical-assembly manufacturer based in Green Bay, Wisconsin. The add-on expands VAD's manufacturing capabilities and electrical solutions offering, bolstering its service to specialty vehicle OEMs and other mobile fluid power customers; Rotunda Capital Partners, VAD's private equity backer, supported the platform strategy.

The Master Group Acquires Value Added Distributors (VAD)

December 13, 2021

HVAC & Mechanical

The Master Group Inc., Canada’s largest private HVAC/R distributor, has acquired Value Added Distributors (VAD), a Midlothian, Virginia–based HVAC solutions and distribution platform with 19 branches and nearly 200 employees. The acquisition establishes The Master Group’s entry into the United States and positions VAD as the platform for future U.S. growth.

Rotunda Capital Partners Invests in Lehman Pipe & Supply, Inc.

September 5, 2024

Logistics & Distribution

Rotunda Capital Partners has invested in Lehman Pipe and Supply, a Miami-based distributor of industrial pipe, valves and fittings (PVF), partnering with existing management to support growth and succession. The partnership will provide capital and operational support to expand Lehman's footprint across the South and Southeast U.S., pursue selective acquisitions and accelerate organic growth.

Rotunda Capital Partners Invests in U.S. Waterproofing

November 10, 2022

Construction

Rotunda Capital Partners has made its first investment from Fund III in U.S. Waterproofing, a Chicagoland residential basement waterproofing and foundation repair provider. Founder/owner Matt Stock will remain CEO as Rotunda backs the company’s organic growth and plans to deploy an acquisition (roll-up) strategy to expand the platform nationally.

Keystone Capital Acquires VDA, Inc.

December 22, 2021

Engineering Services

Keystone Capital Management completed an investment partnership with VDA, Inc., a leading provider of technical consulting and inspection services to the elevator and vertical transportation industry. The transaction establishes VDA as a Keystone platform in the building sciences space and positions the company to pursue add-on acquisitions to accelerate growth and consolidation.

Fulcrum Capital Partners Invests in VODA Backyard Leisure Group

September 20, 2022

Retail

Fulcrum Capital Partners has made an investment in VODA Backyard Leisure Group, creating a platform that combines Aquiform Distributors, Club Piscine and Pool Supplies Canada. The investment (made alongside multiple co-investors from Fund VI) is intended to support growth across the group's distribution, retail and online businesses in the Canadian backyard leisure market.